American Bitcoin Corp (NASDAQ:ABTC) stock rose on Wednesday, after the company announced it was expanding its mining capacity. Its stock rose more than 14% today as the Trump-linked company activated more than 11,000 Bitcoin mining machines.
US Bitcoin stocks rise by more than 14%
the ABTC stock rose It was trading at $1.38 as of writing on Wednesday, April 22. It represents a profit of 11.29% in the intraday trading session. This rise comes after the company announced that it has activated more than 11,298 Bitcoin mining machines at its Drumheller factory.
The deployment will contribute about 3.05 exahashes per second (EH/s) to its computing power, per administrator advertisement. This move increased their overall contribution to the network but at reasonably high efficiency levels.
Newly commissioned US Bitcoin hardware has a power of about 13.5 joules per terahash. Investors track this metric to estimate the cost efficiency of mining operations. Lower energy use per unit of production generally equates to better profit margins in the case of Bitcoin price Volatility.
Since the upgrade, the total number of miners owned by the company has increased to approximately 89,242. Together, these machines account for about 28.1 EH/s of potential hash rate, with an average efficiency of 16.0 J/TH. All units are not operational at present, but operational capacity has also increased significantly.
Executive comments on the latest feat
Eric Trump, chief strategy officer at American Bitcoin, said:
“Expanding hash rate is one way we are strengthening our position in Bitcoin. Bringing these miners online at Drumheller reflects exactly how we intend to lead: move quickly, allocate capital with discipline, and efficiently increase our exposure to Bitcoin at an institutional level.”
“This deployment reflects our operating model in practice, converting execution and efficiency gains into a low-cost Bitcoin accumulation for shareholders,” noted Matt Prusak, President of Bitcoin USA.
The activation of Drumheller is part of a fleet expansion program announced in early March 2026. The relocation is an indication of further investment in expanded infrastructure while keeping operational expenses low.
The company’s active mining fleet stands at approximately 59,000 machines after the last deployment, producing approximately 25.0 EH/s and having an average efficiency of 14.1 J/TH.
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